CASH RESERVE RATIO Definition

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CASH RESERVE RATIO (CRR) is a ratio which banks have to maintain with itself in the form of cash reserves or by way of current account with the Reserve Bank, computed as a certain percentage of its demand and time liabilities. The objective is to ensure the safety and liquidity of the deposits with the banks.

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NOTES PAYABLE are all note obligations, including bank and commercial paper. Does not include trade notes payable.

VAT see VALUE ADDED TAX.

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